Avantax Advisory Services Inc. Has $275,000 Stock Position in Stag Industrial, Inc. (NYSE:STAG)

Avantax Advisory Services Inc. boosted its holdings in shares of Stag Industrial, Inc. (NYSE:STAG) by 7.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,617 shares of the real estate investment trust’s stock after buying an additional 507 shares during the period. Avantax Advisory Services Inc.’s holdings in Stag Industrial were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc raised its position in Stag Industrial by 204.9% during the first quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 506 shares during the period. Tsfg LLC acquired a new position in Stag Industrial during the first quarter valued at $32,000. Garde Capital Inc. acquired a new position in Stag Industrial during the first quarter valued at $33,000. Proathlete Wealth Management LLC acquired a new position in Stag Industrial during the first quarter valued at $47,000. Finally, Quarry LP acquired a new position in Stag Industrial in the 4th quarter worth about $62,000. 88.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

STAG has been the topic of several research reports. Raymond James Financial upped their target price on Stag Industrial from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Robert W. Baird dropped their target price on Stag Industrial from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $38.00 target price on shares of Stag Industrial in a research report on Monday, May 19th. Finally, Evercore ISI upped their target price on Stag Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $38.17.

Stag Industrial Stock Performance

Shares of NYSE STAG opened at $34.65 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 27.28 and a beta of 0.91. The business’s 50-day simple moving average is $35.95 and its 200-day simple moving average is $34.96. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $40.75.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, meeting analysts’ consensus estimates of $0.63. The business had revenue of $207.44 million for the quarter, compared to analyst estimates of $206.37 million. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 EPS. As a group, equities research analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a dividend of $0.1242 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a dividend yield of 422.0%. Stag Industrial’s dividend payout ratio is currently 117.32%.

Insider Activity at Stag Industrial

In other news, Director Benjamin S. Butcher sold 28,843 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the transaction, the director owned 7,115 shares of the company’s stock, valued at approximately $262,543.50. This represents a 80.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Stag Industrial Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.